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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPrice Signal Summary - Bull Flag In Gilts Confirmed
- In the FI space, Bund futures reversed course yesterday. The contract traded sharply higher yesterday and maintains a firmer tone. Price has traded through the 20- and 50-day EMAs and breached short-term resistance at 131.86, the May 7 high. This highlights a reversal and signals scope for a climb towards 132.89, 38.2% of the Dec 27 - Apr 25 bear cycle. Initial key support has been defined at 130.24, the May 14 low.
- Gilt futures traded higher Wednesday, confirming the end to the recent pause in the bull cycle, which appeared to be a bull flag formation. The breach of resistance at 98.29, the May 10 high, confirms the flag and highlights a resumption of the recovery that started Apr 25. This signals scope for a climb towards 99.19, 76.4% of the Mar 12 - Apr 25 bear leg. Initial firm support has been defined at 97.23, the May 14 low.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.